Tax Specialist Job Description
Tax specialist
provides support with building the processes and calendar to ensure a smooth connection among accounting, tax compliance and tax accounting functions.
Tax Specialist Duties & Responsibilities
To write an effective tax specialist job description, begin by listing detailed duties, responsibilities and expectations. We have included tax specialist job description templates that you can modify and use.
Sample responsibilities for this position include:
Assisting with the monthly corporate tax accounting process for entities in Singapore and SEA assigned to the candidate, and liaising with FA and within the tax department to ensure tax accounting processes are efficient and effective and have sufficient governance
Assisting with the corporate tax compliance process in Singapore and management of these processes in other SEA locations for which country management responsibilities are assigned, which includes review of annual corporate tax returns prepared by Financial Accounting (“FA”) and liaising with external corporate tax compliance providers to ensure the accuracy and completeness of tax returns to be submitted and corporate tax payments
Providing advice and support to Human Resources as required in implementing compensation plans, with a focus on corporate tax and tax accounting impact of proposed plans
Year End tax accounting and reporting
Assist on projects working with Group financial reporting team and Finance Operations (“FO”) to ensure the correct group and entity tax treatment and accounting
Manage and/or assist in the management of all state income tax, sales tax, audits including responding to and compiling all information requested
Managing the relationship with the local tax authorities, including enquiries into the corporate tax affairs of the entities under their remit, including coordination with FA and external advisors, and driving resolution of tax issues
Preparation of transfer pricing documentation as required with assistance from the transfer pricing team, and assisting the transfer pricing team to implement global transfer pricing strategies
Management of local tax audits and review of submissions prepared by FA and external advisors in relation thereto
Monitoring and dissemination of changes to local tax legislation or practice to Asia Pacific/Global Tax Departments and interested business units
Tax Specialist Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Tax Specialist
List any licenses or certifications required by the position: CPA, CPE, EA, CIMA, ACCA, CECAR, APA, W-8, VAT, SMMM
Education for Tax Specialist
Typically a job would require a certain level of education.
Employers hiring for the tax specialist job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Business, Taxation, Education, Law, Business/Administration, Associates, Economics, Communication
Skills for Tax Specialist
Desired skills for tax specialist include:
Excel
Accounting
Microsoft Office
SAP
Our internal processes
GAAP
Tools
Assist with Tax Payment Specialist functions
Internet
MS Office
Desired experience for tax specialist includes:
Assist the Director of Tax to develop and implement needed procedures and become involved in projects where required
Possess an understanding of tax issues and compliance requirements at the state and local levels
Exposure to tax research and planning in an automated tax compliance environment
Understanding of and exposure to standard auditing procedures
Good Knowledge of 1042 reconciliation
5+ years of foreign and US tax provision, compliance, research, planning, and/or audit experience
Tax Specialist Examples
1
Tax Specialist Job Description
Job Description Example
Our company is looking to fill the role of tax specialist. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for tax specialist
- All or part of the monthly preparation of the tax allocations and periodic tax estimates
- Directly interfacing with trading managers and investors offering support and guidance regarding the tax allocation process
- Interacting with counterparts at Audit Firms
- Complete and submit necessary forms for department and clients
- Review submitted department-wide documents
- Prepare and monitor the annual tax calendar
- Preparation of quarterly and annual tax provisions
- Maintain sales tax exemption certificates, responses from tax authorities, and databases required to support department tax initiatives
- Updating, maintaining and reconciling tax fixed asset ledgers in Oracle
- Calculating and reconciling Federal, AMT, State and other special depreciation books in Oracle
Qualifications for tax specialist
- Stable work history and proven leadership skills
- CPA license, legal degree and/or Masters degree strongly preferred
- U.S. federal tax returns (1120) including fixed asset gain/loss, tax depreciation, schedule M-3 adjustments e-Filing
- Flexibility in hours worked
- Ability to travel within Europe and to USA
- Understanding of basic tax return processes
2
Tax Specialist Job Description
Job Description Example
Our growing company is looking for a tax specialist. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for tax specialist
- Handling individual retirement accounts
- Doing research to assist review of website tax informational content
- Review and preparation of annual tax returns including all related calculations (inflation adjustment, tax depreciation, book to tax reconciliation)
- Provide support to Divisions of the Group in regards to notices, statements and requests which need to be filed before tax authorities
- Up to speed on changes to tax dispositions (IT, VAT)
- Reviews annual tax questionnaires from clients and uses information to prepare individual returns
- Assist in processing all State income tax estimates, extensions and returns
- Accurately maintain Real and Personal property records in multiple databases and systems, including the review of associated leases
- Responsible for the financial reporting in compliance with federal and state income tax reporting regulations for assigned companies/divisions
- Clerical tasks such as logging tax notices, updating client care and tax notice tracking systems
Qualifications for tax specialist
- Analytical, consulting and Excel skills
- Minimum of 2 years of experience in the area of federal and state corporate income taxes, in either a public accounting environment, large corporate environment, or both
- Experience with Oracle and/or Vertex Sales Tax solutions a plus
- Excellent organizational skills with a high level attention to detail
- Strong communication skills with an ability to be effective via telephone or written communication
- Must be able to demonstrate an exceptional level of integrity and trustworthiness
3
Tax Specialist Job Description
Job Description Example
Our growing company is looking for a tax specialist. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for tax specialist
- ERP systems knowledge (including SAP R/3 and Oracle)
- Assist in tying out all financial data used in the tax accounting and tax compliance processes uploaded into Corptax (Tax Software)
- Assist with preparation of separate company federal and state income tax filings including quarterly estimates, extensions, and tax returns Identify areas where process improvements make sense to gain efficiencies in the tax accounting and tax return processes
- Central point of contact for direct, indirect and investment fund related operational tax matters related to the Luxembourg [and Belgian / Italian] operation[s]
- Participate to internal committees and analyse investment fund products from a tax perspective
- Identify, assess and mitigate tax risk exposures
- Review legal documentation (prospectuses, contracts, ) from a tax point of view
- Handle Company’s tax compliance activities
- Manage tax reclaim activities for the funds
- Manage Company’s transfer pricing documentation
Qualifications for tax specialist
- Ability to operate at an advanced level on a computer with Windows based software, primarily Excel
- Must be proficient in Excel spreadsheets
- A minimum of four to five years of significant tax experience in a public accounting firm or industry position with substantial exposure on taxation of US corporations, partnerships, state tax requirements and issues, US Corporate international tax requirements and issues, and similar tax concepts
- Ability to prioritize and manage tasks to ensure strict monthly deadlines are met
- Experience in the area of federal and state corporate income taxes a plus but not necessary
- Experience with Corptax or OneSource income tax software is a plus
4
Tax Specialist Job Description
Job Description Example
Our growing company is hiring for a tax specialist. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for tax specialist
- Timely and effectively research Federal tax matters
- Oversee special Federal tax compliance and planning projects as needed
- Assist in the preparation of state income and franchise tax returns in numerous jurisdictions including unitary, combined and separate entities
- Identify and implement process improvements, and maintain required process documentation
- Mentor and develop tax staff
- Reconcile the values from different data sources
- Analyze data from invoices and submit a summary report
- Hyperion knowledge (Enterprise/HFM)
- Assist with preparation of certain aspects of tax return compliance, tax research and special projects as required
- Accurately and timely prepare all quarterly and annual tax provisions including statutory filings
Qualifications for tax specialist
- Assist with American Gift Fund accounting and audit matters
- Experience with CorpTax software and Oracle preferred
- At least 3 years experience in the tax-related or finance-related areas
- Ideal candidate will have a minimum of 1 year tax experience
- Demonstrate knowledge of working with income tax provisions
- Demonstrate knowledge of basic tax research
5
Tax Specialist Job Description
Job Description Example
Our company is hiring for a tax specialist. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for tax specialist
- Evaluates and interprets financial and tax factors
- Ensure timely, efficient reconciliation and entry of quarterly and annual tax deposit information
- Develop payroll audits and reports to ensure accuracy and to develop a matrix
- File all payroll taxes timely and accurately W-2’s
- Process all garnishments
- Ensure payroll files are submitted timely
- Support maintaining the validity and integrity of payroll system data and ensure all payroll and tax transactions are compliant with Federal, state, and local laws, company policy, processes and practices
- Review tax filings, month-end, quarterly, and year-end reports against payroll reports for accuracy and reconcile taxes / tax filings to the GL
- Prepare and review State and Local apportionment schedules, including an annual review of the rules for each applicable jurisdiction
- Prepare and review various tax elections and periodic estimated tax schedules
Qualifications for tax specialist
- Demonstrate knowledge of accounting
- Bachelors degree with a concentration in Accounting strongly preferred
- At least 2-5 years of Public Accounting or Corporate Tax (income tax experience is a must)
- At least two years of tax accounting (tax provision) experience
- Exposure to Insurance Statutory Accounting a plus
- Exposure to a variety of software applications, including tax specific applications